Shell profits drop 16% but maintains strong shareholder returns
British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand....
Tag : BP
BP announces 4,700 job cuts amid cost-saving measures
BP, one of the world’s leading energy companies, announced on Thursday a significant workforce reduction as part of a broader cost-saving initiative. The British oil...
ADNOC Gas plans $5 billion Ruwais LNG stake acquisition by 2028
MENA Newswire News Desk: ADNOC Gas has announced plans to acquire ADNOC’s 60% ownership stake in the Ruwais Liquified Natural Gas (LNG) project, with the...
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country's ambitious plan to invest $1.8 billion in offshore exploration for...